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This 2 week course is designed to help management staff members understand how revenue is generated as active or passive income and how expenses and revenue determine profitability. |
Upon completion of the course, the student will be able to:
- describe the sources of revenue in your hospital
- understand the difference between active income and passive income
- give examples of veterinary products and services that generate active and passive income
- understand the important role members of the veterinary health care team play in generating passive income
- recognize the importance of delegation in generating passive income
- appreciate the critical importance of passive income to overall hospital productivity
- understand cost behavior in small animal veterinary practice (e.g. fixed costs, variable costs, etc.)
- name common variable expenses in a small animal practice
- list common fixed expenses in a small animal practice
- appreciate the implications of a fixed-cost business
- grow your way to higher profits, and more income for the doctor(s) and other health care team members
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Some of the topics covered include active and passive income, understanding cost behavior, and variable expenses.
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... This instructor is by far the best I have had a course with. She is timely with her input and pushes you to think.
... The explanation of costs both fixed and variable and how those costs may effect the practice was extremely helpful!
... I liked the examples. It helps relate it to your own job/practice.
... I found that assignment 1 in module 1 was the most beneifcial. It made me take the time to learn what areas my clinic needed changes and improvements.
... Very informative....not just easy CE, I actually learned something this time.
... I really liked the content of this course. It is something that I can use in my practice and I have a better understanding of ways to control income. Reading the postings of the other students and the feedback from the instructor was very interesting as well. I picked up a lot of good ideas that I hope to implement in my practice.
... the assignments were great because you had to apply what you learned!! it really helped. |
VetMedTeam courses are asynchronous - they do not contain real time components. Students log in while a course is in session at times convenient to personal schedules. |
- Participation in instructor lead topics for each of the units
- Grade of 80% or better on the final exam
- Submission of the course survey
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This course is appropriate for any member of the veterinary practice team who seeks to have a greater understanding of the topics covered. |
This course is applicable for 5 CE credits toward the continuing education requirement for the Certified Veterinary Practice Manager program offered by the Veterinary Hospital Managers Association (VHMA).
VetMedTeam does not submit management courses to RACE as this organization is structured to provide credits for medical/clinical course, behavior related courses, and other similar topics. Also, most states severely limit or decline the use of management topic credits for veterinary or technician license renewal.
Instead, VetMedTeam submits management and customer service related courses to the VHMA for review and approval. CVPMs (Certified Veterinary Practice Managers) and CVPM candidates may use our VHMA approved courses for required CE credits for either sitting the examination or maintaining certification. |
Fritz Wood, a Certified Public Accountant and Certified Financial Planner with contributions by Katherine Dobbs, RVT, CVPM. |
| Erin Macdonald, CVT, CVPM |
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Erin Macdonald is currently employed at Haines Road Animal Hospital in St. Petersburg, Florida and holds the position of Hospital Administrator. She has worked in the veterinary field since 1999, her first position as a receptionist.
In 2006, she received an Associate in Arts Degree in General Studies and an Associate’s in Science Degree in Veterinary Technology from St. Petersburg College. That year, she became a Certified Veterinary Technician. After receiving a Certificate in Hospital Management and a Bachelor’s Degree in Veterinary Technology Management, she achieved the designation of Certified Veterinary Practice Manager in 2009.
Erin is a member of both the Florida Veterinary Technician Association and the National Association of Veterinary Technicians in America. Erin lives in Pinellas Park, Florida with her three dogs, Dolly, Slick and Plato; two cats, Gia and Roxanne; and her duck, Donnie. She spends her free time gardening, reading and playing the drums. |
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| In addition, you many use your MERIAL® Rewards Visa® Prepaid Card to pay for courses. If you are not enrolled in the MERIAL Rewards program, ask your Merial Sales Representative or call 1-800-307-7000. If you do not have enough points and wish to supplement your payment with another card, please write to CE@VetMedTeam.com. |